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The spot rate for the Chilean peso is USD/CLP 812.88. The 1-year interest rate in the U.S. is 5.10% and the 1-year interest rate in

The spot rate for the Chilean peso is USD/CLP 812.88. The 1-year interest rate in the U.S. is 5.10% and the 1-year interest rate in Chile is 8.92? What is the 1-year forward rate for the Chilean peso?

A.

USD/CLP 823.3401

B.

USD/CLP 784.3710

C.

USD/CLP 798.6490

D.

USD/CLP 842.4252

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